BOUSSARD AND GAVAUDAN HOLDING LIMITED (EUR) - ...

Boussard & Gavaudan Holding Limited
a closed-ended investment company incorporated with limited liability under the
                laws of Guernsey with registration number 45582



                      Boussard & Gavaudan Holding Limited
                                (The "Company")



Boussard  &  Gavaudan  Holding  Limited  announces  it  has  been informed that,
following  an Extraordinary General Meeting of Boussard & Gavaudan Fund Plc (the
"Fund")  held on 19 December 2011, the shareholders  of the Fund have approved a
proposal  to reorganise the Fund into a  master/feeder structure. As a result of
this  reorganization, the Company will cease to be directly invested in the Fund
with  effect from  the effective  date of  the reorganization and, instead, will
invest  in the Fund indirectly  through a holding in  a sub-fund of a new feeder
fund  vehicle, BG  Umbrella Fund  plc, which  is to  be established  as an Irish
designated investment company with variable capital.

Neither  the Company's overall  investment exposure to  the Fund nor the overall
level  of fees payable  by the Company  will change to  any material extent as a
result of the implementation of these proposals.

The  intended  effective  date  of  the  reorganisation  will be 3 January 2012
(subject to regulatory approval).



20 December 2011

For further information, please contact:

B&G Asset Management     [phone]
Emmanuel Gavaudan (London) [phone]
Manuel Kalbreier (London) [phone]

www.bgholdingltd.com

















The  Company is  established as  a closed-ended  investment company domiciled in
Guernsey.  The  Company  has  received  the  necessary  approval of the Guernsey
Financial  Services Commission  and the  States of  Guernsey Policy Council. The
Company  is registered with the  Dutch Authority for the  Financial Markets as a
collective  investment scheme pursuant to article 2:73 in conjunction with 2:66
of  the  Dutch  Financial  Supervision  Act  (Wet  op  het financieel toezicht).
The shares  of  the  Company (the  "Shares")  are  listed on Euronext Amsterdam.
The Shares  are also listed on the Official List of the UK Listing Authority and
admitted  to trading on  the London Stock  Exchange plc's main market for listed
securities.


This  is  not  an  offer  to  sell  or  a  solicitation  of any offer to buy any
securities  in the United States or in any other jurisdiction. This announcement
is  not intended  to and  does not  constitute, or  form part  of, any  offer or
invitation  to  purchase  any  securities  or  the  solicitation  of any vote or
approval  in any jurisdiction, nor shall there be any sale, issuance or transfer
of  the  securities  referred  to  in  this  announcement in any jurisdiction in
contravention of applicable law.

Neither  the Company nor Boussard & Gavaudan Fund Plc has been, and neither will
be,  registered under  the US  Investment Company  Act of  1940, as amended (the
"Investment  Company  Act").  In  addition  the  securities  referenced  in this
announcement  have not been and  will not be registered  under the US Securities
Act of 1933, as amended (the "Securities Act"). Consequently any such securities
may  not be offered, sold  or otherwise transferred within  the United States or
to,  or for the account or benefit of,  US persons except in accordance with the
Securities  Act or an exemption therefrom and under circumstances which will not
require  the issuer of such securities  to register under the Investment Company
Act. No public offering of any securities will be made in the United States.

You should always bear in mind that:

                        all investment is subject to risk;

                        results in the past are no guarantee of future results;

                        the investment performance of BGHL may go down as well
as up. You may not get back all of your original investment; and

                        if you are in any doubt about the contents of this
communication or if you consider making an investment decision, you are advised
to seek expert financial advice.

This  communication  is  for  information  purposes  only  and  the  information
contained  in this communication should  not be relied upon  as a substitute for
financial or other professional advice.



Boussard & Gavaudan Holding Limited: 


http://hugin.info/139013/R/1572887/489494.pdf




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     originality of the information contained therein. 
    
Source: BOUSSARD AND GAVAUDAN HOLDING LIMITED (EUR) via Thomson Reuters ONE

[HUG#1572887]